by Brandon Lamar | Jan 13, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales
At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are...
by Brandon Lamar | Dec 14, 2020 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates
If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating...
by Brandon Lamar | Nov 18, 2020 | Distressed Properties, For Sellers, Foreclosures, Housing Market Updates
There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During...
by Brandon Lamar | Nov 5, 2020 | Distressed Properties, For Sellers, Foreclosures, Housing Market Updates
As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in...
by Brandon Lamar | Oct 21, 2020 | Distressed Properties, Foreclosures, Housing Market Updates
Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally...
by Brandon Lamar | Oct 15, 2020 | Demographics, Distressed Properties, Foreclosures, Housing Market Updates
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection...
